What is Research and development tax relief?

Japneet Kaur  Digital Marketing Manager
There are different types of R&D relief depending on the size of your company and whether the project has been subcontracted to you or not.

Small and medium-sized enterprises (SME) R&D Relief:-

You can claim SME R&D relief if you’re an SME with:

>less than 500 staff
>a turnover of under €100m or a balance sheet total under €86m

You may need to include linked companies and partnerships when you work out if you’re an SME:-

SME R&D relief allows companies to:

>deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
>claim a tax credit if the company is loss-making, worth up to 14.5% of the surrenderable loss
May 24th 2018 01:19 1 Likes  

Gabriel Fulton  Publisher
Research and development (R&D) tax credits are a valuable government tax relief that rewards UK companies for investing in innovation. Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for a cash payment and/or Corporation Tax reduction.
May 25th 2018 03:11 1 Likes  

Benny Gala  DNS Accountants
It is a huge relief in tax which provided by government to organization for the research and development cost.
Jun 9th 2018 00:48   

Benny Gala  DNS Accountants
UK government is giving a relief in tax those companies who want to develop new services or manufacturing new products. It is up to 33 percent of investing cost.
Jun 21st 2018 00:48   

Adrina Martinez  Personal Loan Lender
The UK Government recognises that encouraging innovation is a vital component in a strategy for improving the UK’s productivity
Jun 21st 2018 00:53   

Benny Gala  DNS Accountants
UK government is providing huge relief in taxation those companies who want to develop new services and ideas.
Jul 9th 2018 00:43